Blackstone Inc ( BX ) has reached an agreement to acquire Hipgnosis Songs Fund for approximately $1.57 billion, surpassing Apollo Global Management ( APO ) backed Concord’s offer in the battle for the music rights owner of artists like Shakira and Red Hot Chili Peppers. Hipgnosis Songs Fund will be acquired by Lyra Bidco Limited, a newly-formed company indirectly wholly-owned by investment funds advised by affiliates of Blackstone. Blackstone’s formal bid valued Hipgnosis...

06:35 AM EDT, 04/29/2024 (MT Newswires) -- Royal Philips' (PHG) US-listed shares surged early Monday after reaching a $1.1 billion settlement related to personal injury litigation in the US, while the Dutch health technology firm reiterated its full-year comparable sales growth outlook. The settlement resolves all claims filed in the US over Philips' recalled sleep and respiratory care products, with...

April 29 (Reuters) - Pioneer Natural Resources Co ( PXD ) : * PIONEER NATURAL RESOURCES ( PXD ) - PIONEER AND EXXONMOBIL CONTINUE TO EXPECT THAT THE MERGER WILL BE COMPLETED IN THE SECOND QUARTER OF 2024 * PIONEER NATURAL RESOURCES CO SAYS CEO RICHARD P. DEALY'S 2023 TOTAL COMPENSATION WAS $18.9 MILLION, INCLUDING STOCK AWARDS OF $16.5 MILLION...

(Reuters) - European Union regulators are expected to open a probe into Meta Platforms ( META ) over concerns that the company is failing to do enough to counter disinformation from Russia and other countries, the Financial Times reported on Monday. ...